What is a Short Home Loan?
A Short Home Loan is a modern financing solution that lets you buy your next home before selling your current one. Jib connects you with licensed lenders who offer 100% financing with no payments required until your current home sells*.
This innovative approach eliminates the stress of timing your home sale with your purchase, letting you make strong, non-contingent offers and move on your own schedule.
Jib invented the "Short Home Loan" concept and licenses it to regulated lending partners. As a technology company, we provide the systems and platform that power the entire loan experience, while our lending partners handle the actual loan origination and funding in accordance with applicable regulations.
Key Features
- ✓100% financing for your new home purchase
- ✓No payments required until your current home sells*
- ✓Terms up to a year
- ✓Fast approvals
- ✓Simple online application process
How Short Home Loans Work
1. Get Pre-Approved
Apply online in minutes and get approved fast. We'll verify your income, credit, and current home equity to determine your approval amount.
- •Quick online application
- •Fast approval process
- •Clear terms and conditions
2. Buy Your New Home
Make a strong, non-contingent offer with our 100% financing. Close quickly and move into your new home on your schedule.
- •Full purchase price financing
- •No payments required until your current home sells*
- •Competitive with cash offers
3. Sell Your Current Home
Take your time to properly prepare, stage, and market your current home to maximize its sale price.
- •No rush to sell
- •Professional staging possible
- •Maximize sale price
4. Simple Repayment
When your current home sells, use the proceeds to repay the Short Home Loan principal. No payments required until your home sells*.
- •Repay from sale proceeds
- •No prepayment penalties
- •Clear payoff process
Benefits of Short Home Loans
Make Stronger Offers
With 100% financing and no home sale contingency, your offers compete with cash buyers. Sellers prefer clean, non-contingent offers.
"Our offer was chosen over others because it wasn't contingent on selling our current home. The seller loved the certainty."
Maximize Your Sale Price
By moving out first, you can properly stage and show your current home, often leading to higher sale prices and faster sales.
"We got $50,000 over asking because we could stage our home properly after moving out. The flexibility made all the difference."
Reduce Stress
No need to coordinate closing dates or live through showings. Move once on your schedule, then sell your old home when ready.
"The peace of mind was incredible. No rushing to sell, no temporary housing, just a smooth transition to our new home."
Costs & Requirements
Loan Terms
- •3% origination fee
- •9.99% interest rate
- •No payments required until your home sells*
- •Terms up to 12 months
Qualification Requirements
- •640+ credit score
- •Equity in current home
- •Debt-to-income ratio under 43%
Short Home Loans vs Traditional Bridge Loans
Traditional Bridge Loans
- •Up to 80% financing
- •Monthly payments required
- •Interest rates: Upto 15%+
- •Complex approval process
- •Multiple loans to manage
Jib Short Home Loans
- •100% financing available
- •No payments required until your current home sells*
- •9.99% interest rate
- •Simple online process
- •Single loan solution